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A viable system of international trade requires the active support of both the United States and the European Community, the world's largest trading partners and, consequently, the primary forces shaping the post-World War II international trading regime. In recent years, however, a series of disagreements have threatened the consensus supporting that regime. Differences have arisen over the relation of trade policy to balance-of-trade deficits, the terms of and actual compliance with the current General Agreement on Tariffs and Trade, and the proper agenda and procedures to be adopted in future multilateral trade negotiations. These differences, if left unresolved, will further weaken an already strained system. Issues in US-EC Trade Relations presents the results of a conference organized by the NBER and the Centre for European Policy Studies. In it, North American and European trade specialists offer theoretical, empirical, and historical analyses of some of the major issues on which American and Community officials disagree and also formulate realistic policies for settling present disputes. Contributors consider such topics as the legal aspects of trade between the two regions, agricultural policy, different ways the United States and members of the European Community use embargoes to attempt to induce foreign countries to change particular political actions, the growing trend toward protectionism and responses to this policy, international trade in services, and trade policy in oligopolistic environments. In most cases, each general subject is approached from both an American and a European perspective.
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Relations between the European Community and the United States are taking on a new momentum. Are we heading towards a period of greater US-EC co-operation, or will the rapidly changing economic structure in Europe lead to possible conflicts across the Atlantic? This book offers an analysis of the economic implications of the current European Commu
The aim of the book is to provide interested readers with access to a number of articles that have been written over the years on the subject of the linkages between domestic farm policies (particularly in developed countries) and world markets for agricultural goods. The scope of the book includes the measurement of protection and the estimation of transfers to agricultural producers, the effect of these policies on consumers and the consequent impact on international trade. A major theme is that the monitoring of the trade and transfer implications of farm policies is an essential first step to addressing the need for internationally agreed disciplines on their nature and extent. The topic of trade impacts of farm policies has become important in two different market situations. When agricultural commodity prices are depressed, attention turns to the activities of countries (particularly developed countries) that support the income of their own farmers but at the expense of farmers in other countries. When prices rise, as they have done in the last five years, the question is reversed: what is the impact of the farm and food policies that restrict exports to keep domestic prices low on food security in other countries? Thus, the narrative of the monitoring of farm policies by international organizations such as the OECD and the disciplining of such policies under the rules of the WTO is as relevant today as in the 1970s when the first efforts in this direction were made.
First published in 1997. Routledge is an imprint of Taylor & Francis, an informa company.
This book closely scrutinizes the individual and collective roles played by China, the EU and the USA in contemporary world politics. Examining the three actors’ respective strategic and policy positions on and behaviour towards the flux of the contemporary global order, the analysis focuses on three major issues and challenges: foreign and security policy; economics and trade; and climate change and energy. Discussing their relative power, as well as their interests, beliefs and positions on a set of decisive issues, this book explores bilateral relations between the three powers and the ways in which they may interact trilaterally in a broader global context to shape international politics. Written by a stellar line-up of experts from the fields of politics and international relations, The Evolving Relationship between China, the EU and the USA will be of huge interest to students and scholars from within these fields, as well as policy-makers and practitioners more generally.
The North American Free Trade Agreement (NAFTA) is a milestone in the affairs of the continent and in international trade. The first formal arrangement of any kind between Canada, the United States, and Mexico, it is also the first trade pact including countries of such disproportionate power and levels of development. For Canada and Mexico the agr